« Top Headlines » Open DEMAT Account in 24 hrs  5 major changes in the last 6 months every taxpayer should know!  Good news for taxpayers: ITR forms updated to allow 87A tax rebate claims, but there's a catch  Top 10 income tax changes from 2024 to look out for while filing ITR in 2025  15 income tax rule changes in 2024 that will impact your ITR filing in 2025 «  Licence for shop can't be renewed as a matter of right: HC... Govt rakes in moolah via tax on cell phones... » Exporters seek IT exemption December, 12th 2006 Exporter associations and federations, including the Punjab Chamber of Small Exporters, today appealed to the Centre to provide income tax exemption on export profit for export units located in the domestic tariff area so that there was a common platform for all.    Exporters want no service tax on export production because export units are registered with the central excise department.    They reiterated the demand on the exemption of service tax on foreign agent commission paid by Indian exporters to procure export orders.    Export houses should be given exemption from VAT because paying VAT and getting refund is cumbersome, resulting in blockage of working capital, said A K Kohli, president of the Punjab Chamber of Small Exporters.    The chamber urged the state government to simplify procedures and reduce paper work for filing monthly returns.    Units in any town/village/city not declared as SEZ or EoU are called Domestic Tariff Area Export Units irrespective of the fact that they are exporting their entire production. These units are not entitled to tax exemptions/benefits.